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Frequently Asked Questions
FAQ's - Canadian Rates Mortgage
- How can you offer such a low rate?
- We're able to provide this rate through a special partnership with a Canadian financial lending institution. Our lending partner is willing to provide this rate to brokers who are able to provide them with files that close quickly and easily. We're the only national company in the industry that’s able to meet their requirements while remaining profitable, and so they're willing to offer our clients these amazingly low rates.
- How much do I really save?
- See Mortgage Savings Calculator for details.
- Is there a fee?
- No. We are not charging fees at this time.
- What are the restrictions that may apply?
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This program is available for purchases and refinances only. We cannot offer pre-approvals at this time. It is also only available in Alberta, British Columbia, Manitoba, and Ontario. Other than that, there are no other restrictions, but there are some requirements:
- You must apply using our online mortgage application before a final quote can be given
- Minimum loan requirement is $100,000
- Possession must occur within 30 days of application
- Proof of income
- Proof of equity or down payment
- Good credit rating
- Must have all documentation to the broker within 48 hours of initial broker contact
- Why can't you advertise the lowest rate available?
- As of now our lender has decided they would like the rate to remain unadvertised.
- How do I contact CanEquity?
- Call 1-866-850-3325 or e-mail us at clientcare@canequity.com.
- Why did this lender choose CanEquity?
- Many factors have contributed to our being able to offer this low mortgage rate. Consistency, organization, efficiency, speed, volume and experience have all allowed us to streamline the application process, which lenders appreciate.
- I want my parent(s) to cosign. How can I apply?
- Go to our application with your parent(s) or cosigner and have them fill it out with you.
- I have bad credit, can I still apply for a mortgage?
- You can still apply, but the rate will increase if your beacon score is below 640.
* This program is currently offered in Alberta, British Columbia, Manitoba, and Ontario.
Our job is to try to find the best mortgage rates in Canada for each client we deal with. If you come across another site or mortgage company that is offering lower interest rates for a comparable term, we want to know about it immediately!
Ratesmortgage.com is operated by a licensed mortgage brokerage and does not underwrite, approve or deny loans directly. Lending guidelines and credit criteria must be met prior to obtaining a mortgage approval. CANEQUITY MORTGAGE brokers all mortgages, and is a registered trademark and division of THE CANADIAN EQUITY GROUP INC. (Canada). Our mortgage brokers are licensed in all provinces (specifically in Ontario under license #10896), and are members of the Canadian Association of Accredited Mortgage Professionals. The Rate Special Mortgage offer is available to financially eligible Canadians. Mortgage rates can change daily without notice.